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ARTICLE · 27 NOVEMBER 2024

Setting Up A Private Foundation In Saudi Arabia

King & Spalding
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The National Center for Non-Profit Sector ("NCNPS") is the supervisory body of civil society organizations and private foundations.

Saudi ArabiaCorporate/Commercial Law

The National Center for Non-Profit Sector ("NCNPS") is the supervisory body of civil society organizations and private foundations. The NCNPS regulates civil society organizations and private foundations in accordance with the Implementing Regulations of the Civil Society Organizations and Private Foundations Law issued pursuant to NCNPS resolution number Q/2/1/2022 dated 22/03/1444H (corresponding to 18 October 2022), as amended pursuant to NCNPS resolution number Q/5/8/2023 dated 19/03/1445H (corresponding to 4 October 2023) (the "Implementing Regulations").

We highlight few aspects of the Implementing Regulations in relation to Private Foundations.

1. Conditions To Qualifying as a Private Foundation:

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